FILE - In this May 24, 2017 file photo, House Ways and Means Committee Chairman Rep. Kevin Brady, R-Texas speaks on Capitol Hill in Washington. A key part of House RepublicansÂ plan to overhaul the way corporations pay taxes is on life support, leaving lawmakers scrambling to save one of President Donald TrumpÂs biggest priorities and increasing the chances the GOP will simply pass a tax cut instead of overhauling the tax code. (AP Photo/Jacquelyn Martin, File)

FILE - In this May 24, 2017 file photo, House Ways and Means...

AUSTIN -- As Congressional Republicans get down to work on the details of their rewrite of the federal tax code, the powerful Texas Association of Realtors on Wednesday unveiled a study showing the vast majority of homeowners in this state would pay more if the current proposals are passed into law.

Shortly after the release of the report, Ways and Means Committee Chairman Kevin Brady, R-The Woodlands, was quick to note that the report from the realtors "makes several policy assumptions about decisions our Committee is still working through as we draft tax reform legislation."

The numbers released by the realtors also showed the plan would cost Texas more than 22,000 jobs and $3.4 billion in economic activity, "largely due to the asymmetric distribution of tax relief across income brackets."

"The Blueprint only represents tax relief to only 5% of Texas households," according to the study released to Quorum Report.

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The full story can be found in the Quorum Report. Copyright 2017, Harvey Kronberg,http://quorumreport.com/index.cfm, All rights are reserved. This story is presented as part of the Houston Chronicle's collaboration with Quorum Report. For inside information on Texas politics and government and to sign up for real-time updates, go here.